Answer:
C. Shareholders may remove the original owners from a corporation
Explanation:
Unfortunately, the founders of a corporation can be removed from the business. The process of removing a shareholder is hectic but still possible. A shareholder's agreement binds the shareholders of a business or a corporation. The agreement is the equivalent of a contract among the shareholder.
A gross violation of the agreement by a shareholder may lead to their removal. The conditions and processes of removal are normally contained in the shareholder's agreement.
Answer:
a. the difference between actual and budgeted fixed overhead costs.
Explanation:
As we know that
The variance is shows the difference between the actual amount and the budgeted amount or estimate amount
So, the total fixed overhead variance is the difference between the actual fixed overhead costs and the budgeted fixed overhead costs i.e to be fixed in nature
Hence, the first option is correct
Answer: 10%
Explanation:
Short sale of 600 shares at $25 will yield:
= 600 * 25
= $15,000
You posted 40% of this:
= 40% * 15,000
= $6,000
The profit in a year seeing as the price fell is:
= (25 - 24) * 600 shares
= $600
Rate of return is:
= Profit / Margin posted
= 600 / 6,000 * 100%
= 10%
Answer and Explanation:
The SoX sarbanes oxley act of 2002 was enacted to address company fraud that was exemplary of Eron and worldcom and bring back the confidence held in the financial market
It was meant to increase the effectiveness of internal control in companies in keeping accounting records or financial reports reliable and fraud-proof. The SOX act increased the independence of company auditors making their reports more reliable as they didn't have to compromise because they were dependent on top managers. In addition top managers were held responsible for any fraud in accounting statements and so were to certify the reliability of reports released to the public
Answer:
Y = 6.82X + 199.43
Predictions
Y(16) = 308.55
Y(17) = 315.37
Y(18) = 322.19
Y(19) = 329.01
Explanation:
From the data given:
The linear trend equation obtained by fitting the data using technology is :
Y = 6.82X + 199.43
Where, the slope = 6.82
Intercept = 199.43
Making predictions :
Period 16
x = 16
Y = 6.82(16) + 199.43 = 308.55
x = 17
Y = 6.82(17) + 199.43 = 315.37
x = 18
Y = 6.82(18) + 199.43 = 322.19
x = 19
Y = 6.82(19) + 199.43 = 329.01
